Internet Fund Is Hamstrung
By Lofty Prices for Net Stocks

You've just been given $200 million to invest, but with a catch. You can buy only Internet stocks. And you're expected to deliver big returns, while avoiding risks.

That's the opportunity -- and challenge -- facing mutual-fund manager Matthew Ervin, who finds himself on a recent day trying to persuade his boss that he has found Net stocks that fit these seemingly contradictory criteria.